# FinTech Global Incorporated: business model and financials

> Latest period: FY ending Sep 2025, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第31期(2024/10/01－2025/09/30) (S100XAOR)
> Page: https://vizora.meequs.com/en/company/fintech-global
> Retrieved: 2026-09-30T20:58:32.055Z

## Company

FinTech Global, founded in 1994, is a company in Securities & Asset Management listed on TSE Standard. It has 220 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | FinTech Global Incorporated |
| Ticker | 8789 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/8789.T) |
| Listing | TSE Standard |
| Head office | 東京都品川区上大崎三丁目1番1号 目黒セントラルスクエア15階 |
| Representative (per filing) | 代表取締役社長 玉井 信光 |
| Founded | Dec 1994 |
| Share capital | ¥5.37B |
| Employees (consolidated) | 220 |
| Average salary (parent only) | ¥10.9M |
| Fiscal year end | September |
| Website | www.fgi.co.jp (https://www.fgi.co.jp/) |
| Corporate number | 7010401025761 |
| EDINET | E05492 |
| Industries (Vizora) | Securities & Asset Management, Investment Funds, Consulting, Theme Parks & Leisure Facilities |

> Profile source: annual securities report (S100XAOR, filed 2025-12-16). As of filing

## Key points (generated from figures)

- About 80% of FinTech Global's sales come from Investment banking, with Entertainment service and Public consulting making up much of the rest.
- Out of every ¥100 of sales, about ¥24 is left as operating profit.
- Revenue changed +4.5% from the prior year, operating profit +32.5%.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥14.4B |  |
| Operating income | ¥3.41B | Margin 23.6% |
| Net income | ¥2.12B | Margin 14.7% |
| Free cash flow | -¥952.9M |  |
| Largest business | Investment banking | of segment revenue 79.5% |
| Employees (consolidated) | 220 |  |
| EPS | ¥9.48 |  |
| Diluted EPS | ¥9.42 |  |
| Book value per share | ¥40.37 |  |
| Equity ratio | 40.3% |  |
| Shares outstanding | 201,321,700 |  |
| Treasury shares | 9,026,300 |  |
| Shareholders | 26,141 |  |
| Average salary (parent only) | ¥10.9M | Filing company only |
| Cash ratio | 23.9% | Net cash ¥859.6M · Cash ÷ revenue 44.6% |
| Vs. industry median margin | +2.9 pp | Securities & Asset Management |
| ROE | 21.1% | Derived from disclosed figures |
| ROA | 8.9% | Derived from disclosed figures |

## Notable figures

- FY2025, buybacks were 1.9× dividends
- FY2025, one segment accounts for 99% of positive segment profit
- FY2025, parent-company salary changed +36% over five years

## What changed in 5 years

| Metric | FY ending Sep 2020 | FY ending Sep 2025 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥6841351000 | ¥14432830000 | +111.0% |
| Operating income | ¥-992962000 | ¥3406296000 | — |
| Operating margin | -14.5% | 23.6% | +38.1 pp |
| Employees | 156 people | 220 people | +41.0% |
| Cash and equivalents | ¥2142069000 | ¥6442667000 | +200.8% |

### Change in segment revenue mix

Span: FY ending Sep 2020 → FY ending Sep 2025. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 投資銀行事業 → 投資銀行事業 | 34.1% |
| 公共コンサルティング事業 → 公共コンサルティング事業 | 3.2% |
| 公共コンサルティング事業 → 事業再編・廃止 | 0.4% |
| エンタテインメント・サービス事業 → エンタテインメント・サービス事業 | 17.3% |
| エンタテインメント・サービス事業 → 事業再編・廃止 | 45.1% |
| 新設・再編 → 投資銀行事業 | 45.4% |

Segment revenue source references: 6 (derived)

## Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: latest revenue. CAGR requires at least two comparable years.

| Segment | CAGR span | Revenue CAGR | Latest revenue | Operating margin | Source refs |
| --- | ---: | ---: | ---: | ---: | ---: |
| Investment banking | 5 years | +37.5% | ¥11477691000 | 41.3% | 2 |
| Entertainment service | 5 years | -10.2% | ¥2499657000 | 1.2% | 2 |
| Public consulting | 5 years | +13.7% | ¥455482000 | -8.4% | 2 |

## Income statement（FY ending Sep 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 14,433 | 100.0% | S100XAOR |
| Cost of revenue | 5,564 | 38.5% | S100XAOR |
| Gross profit | 8,869 | 61.5% | S100XAOR |
| SG&A | 5,463 | 37.8% | S100XAOR |
| Operating income | 3,406 | 23.6% | S100XAOR |
| Ordinary income | 3,242 | 22.5% | S100XAOR |
| Pretax income | 2,768 | 19.2% | S100XAOR |
| Income tax | 455 | 3.2% | S100XAOR |
| Net income | 2,313 | 16.0% | S100XAOR |
| Net income attributable to owners | 2,122 | 14.7% | S100XAOR |

## Per ¥100 of revenue（FY ending Sep 2025）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 38 |
| SG&A | 38 |
| Operating income | 24 |
| (Ref.) Net income | 15 |

### Margin funnel

Gross margin 61.5% → Operating margin 23.6% → Net margin 14.7%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +4.5%; Core profit growth: +32.5%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 7.19×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Sep 2024 → FY ending Sep 2025、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 13,808 | 14,433 | 625 | +4.5% |
| Gross profit | 7,356 | 8,869 | 1,514 | +20.6% |
| Operating income | 2,570 | 3,406 | 836 | +32.5% |
| Net income attributable to owners | 1,676 | 2,122 | 446 | +26.6% |
| Operating cash flow | 4,055 | -665 | -4,720 | -116.4% |
| Free cash flow | 3,160 | -953 | -4,112 | -130.2% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Sep 2019 | 9,175 | -1,665 | -18.1% | -1,587 | -2,605 | -7,534 | S100KFE3 |
| FY ending Sep 2020 | 6,841 | -993 | -14.5% | -1,186 | 680 | 392 | S100N45M |
| FY ending Sep 2021 | 8,107 | 178 | 2.2% | 131 | 748 | 559 | S100PV78 |
| FY ending Sep 2022 | 9,302 | 588 | 6.3% | 176 | -702 | -823 | S100SJC1 |
| FY ending Sep 2023 | 9,302 | 1,344 | 14.4% | 1,603 | 615 | 553 | S100UZKB |
| FY ending Sep 2024 | 13,808 | 2,570 | 18.6% | 1,676 | 4,055 | 3,160 | S100XAOR |
| FY ending Sep 2025 | 14,433 | 3,406 | 23.6% | 2,122 | -665 | -953 | S100XAOR |

## People and productivity（FY ending Sep 2025, consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥65.6M |
| Operating income per employee (consolidated) | ¥15.5M |
| Net income per employee (consolidated) | ¥9.6M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 149 | 176 | 153 | 168 | 220 |
| Average salary (parent company) | ¥8M | ¥7.8M | ¥8.6M | ¥9.6M | ¥10.9M |
| Average age (parent company) | 40.4 years | 38.5 years | 39.0 years | 38.8 years | 38.9 years |
| Average tenure (parent company) | 4.9 years | 4.8 years | 5.6 years | 4.5 years | 5.1 years |

Year over year: Employees (consolidated) +31.0% · Revenue (consolidated) +4.5%

## Segments（FY ending Sep 2025, consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Investment banking | 11,478 | 79.5% | 4,740 | 41.3% |
| Public consulting | 455 | 3.2% | -38 | -8.4% |
| Entertainment service | 2,500 | 17.3% | 29 | 1.2% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Investment banking | 79.5% | 99.4% | 19.9 | 41.3% |
| Public consulting | 3.2% | — | — | -8.4% |
| Entertainment service | 17.3% | 0.6% | -16.7 | 1.2% |

Loss-making segment (excluded from profit shares): Public consulting -38 JPY mn

Segment → industry: Investment banking → Securities & Asset Management / Investment banking → Investment Funds / Public consulting → Consulting / Entertainment service → Theme Parks & Leisure Facilities

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Sep 2025, consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | -665 | -4.6% | S100XAOR |
| Capital expenditure | 288 | 2.0% | S100XAOR |
| Free cash flow | -953 | -6.6% | 算出 |
| Investing cash flow | -1,591 | -11.0% | S100XAOR |
| Financing cash flow | 3,131 | 21.7% | S100XAOR |
| Dividends paid | 274 | 1.9% | S100XAOR |
| Share buyback | 529 | 3.7% | S100XAOR |
| Change in cash | 842 | 5.8% | S100XAOR |
| Cash and equivalents | 6,443 | 44.6% | S100XAOR |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 2,379 | 2,376 | 2,869 | 5,675 | 6,443 | S100SJC1, S100UZKB, S100XAOR |
| Total assets | 16,458 | 17,933 | 19,124 | 20,670 | 26,994 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Net assets | 7,439 | 7,843 | 9,393 | 10,753 | 12,042 | S100SJC1, S100UZKB, S100XAOR |
| Share capital | 6,462 | 6,471 | 5,373 | 5,373 | 5,373 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Trade receivables | 754 | — | — | — | — | S100PV78 |
| Property, plant and equipment | 6,299 | 5,879 | 5,530 | 5,261 | 9,029 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Intangible assets excluding goodwill | 616 | 633 | 131 | 181 | 135 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Goodwill | 129 | 118 | 105 | 88 | 60 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Investment securities | 66 | 106 | 535 | 534 | 1,174 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Current assets | 9,168 | 11,023 | 12,477 | 14,027 | 15,598 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Current liabilities | 2,392 | 2,588 | 7,881 | 8,788 | 12,240 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Trade payables | 131 | 248 | 309 | 241 | 331 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Short-term borrowings | 126 | — | 78 | 781 | 3,415 | S100PV78, S100UZKB, S100XAOR |
| Long-term borrowings | 6,041 | 7,184 | 1,291 | 639 | 2,068 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Bonds | — | — | — | — | 100 | S100XAOR |
| Interest-bearing debt | — | — | — | — | 5,583 | 算出 |
| Total liabilities | 9,018 | 10,090 | 9,731 | 9,917 | 14,952 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Non-controlling interests | 1,032 | 1,200 | 1,023 | 1,118 | 1,074 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Equity attributable to owners of parent | 6,330 | 6,524 | 8,142 | 9,367 | 10,737 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Retained earnings | -5,120 | -4,944 | 1,795 | 3,471 | 5,301 | S100PV78, S100SJC1, S100UZKB, S100XAOR |
| Treasury stock | — | 0 | 0 | -446 | -907 | S100SJC1, S100UZKB, S100XAOR |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 24% | S100XAOR |
| Property, plant and equipment | 33% | S100XAOR |
| Intangibles and goodwill | 1% | S100XAOR |
| Investment securities | 4% | S100XAOR |
| Other assets | 38% | S100XAOR |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 1% | S100XAOR |
| Interest-bearing debt | 21% | 算出 |
| Other liabilities | 33% | S100XAOR |
| Equity | 45% | S100XAOR |

### Balance sheet history

| Metric | FY ending Sep 2021 | FY ending Sep 2022 | FY ending Sep 2023 | FY ending Sep 2024 | FY ending Sep 2025 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 16,458 | 17,933 | 19,124 | 20,670 | 26,994 |
| Equity | 7,439 | 7,843 | 9,393 | 10,753 | 12,042 |
| Interest-bearing debt | — | — | — | — | 5,583 |
| Cash | 2,379 | 2,376 | 2,869 | 5,675 | 6,443 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 62.6% | S100XAOR |
| Fixed assets ÷ total assets | 33.4% | S100XAOR |
| Goodwill ÷ parent equity | 0.6% | S100XAOR |

Goodwill over 4 years: 129 → 60 JPY; total investing cash flow: -1,686 JPY. This does not imply causation.

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 23.9% |
| Cash ÷ revenue | 44.6% |
| Net cash (cash − interest-bearing debt) | ¥859.6M |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | -19.5% |
| Cash vs. profit gap | -2,787 JPY mn (of net income -131.3%) |
| Shareholder returns / net income | 37.8% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 12.9% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 2.0% |
| Investing CF relative to operating CF | — |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2021 | 1.6% | 0.49× | 0.8% | 2.60× | 2.1% | S100PV78 |
| 2022 | 1.9% | 0.54× | 1.0% | 2.68× | 2.7% | S100SJC1 |
| 2023 | 17.2% | 0.50× | 8.7% | 2.53× | 21.9% | S100UZKB |
| 2024 | 12.1% | 0.69× | 8.4% | 2.27× | 19.1% | S100XAOR |
| 2025 | 14.7% | 0.61× | 8.9% | 2.37× | 21.1% | S100XAOR |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 玉井 信光 | Major shareholder | 5.3% | 2025-09-30 |
| 株式会社ＣＡＴ－ＭＹ | Major shareholder | 5.2% | 2025-09-30 |
| 藤井 優子 | Major shareholder | 1.7% | 2025-09-30 |
| NORTHERN TRUST CO.(AVFC)RE U.S. TAX EXEMPTED PENSION FUNDS SEC LENDING(常任代理人 香港上海銀行東京支店) | Major shareholder | 1.7% | 2025-09-30 |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)(常任代理人 株式会社三菱UFJ銀行) | Major shareholder | 1.1% | 2025-09-30 |
| 田村 直丈 | Major shareholder | 0.9% | 2025-09-30 |
| 青島 正章 | Major shareholder | 0.9% | 2025-09-30 |
| ロバート・ハースト | Major shareholder | 0.9% | 2025-09-30 |
| 株式会社SBI証券 | Major shareholder | 0.8% | 2025-09-30 |
| BOFAS INC OMNIBUS ACCOUNT(常任代理人 BofA証券株式会社) | Major shareholder | 0.8% | 2025-09-30 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第31期(2024/10/01－2025/09/30) | S100XAOR | 2025-12-16 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100XAOR,, |
| 有価証券報告書－第30期(2023/10/01－2024/09/30) | S100UZKB | 2024-12-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100UZKB,, |
| 有価証券報告書－第29期(2022/10/01－2023/09/30) | S100SJC1 | 2023-12-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100SJC1,, |
| 有価証券報告書－第28期(令和3年10月1日－令和4年9月30日) | S100PV78 | 2022-12-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100PV78,, |
| 有価証券報告書－第27期(令和2年10月1日－令和3年9月30日) | S100N45M | 2021-12-22 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100N45M,, |
| 有価証券報告書－第26期(令和1年10月1日－令和2年9月30日) | S100KFE3 | 2020-12-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100KFE3,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).